Kansas governor pushing to eliminate state income tax
Sam Brownback makes pitch
- Duration 4:14
- Date Mar 8, 2013
Sam Brownback makes pitch
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This transcript is automatically generated
You know all the talk about -- the tax system -- a Republican governor with his own ambitious plan one that's not greeted with open -- by a lot of Republicans -- Kansas governor Sam Brownback with me in studio -- how you doing governor under under his -- -- looks -- -- looks all right outside I -- you broke out of Washington -- -- back home now full time and good morning to -- you say whether -- not here in New York -- anywhere in America come to Kansas.
-- -- -- My pitches no taxes if -- small business policies of this is zero income taxes.
-- better overall tax rate down and we think we're the best place in the country don't.
Grow a business raise a family and a lot of people tax refugees are looking for different places to go.
Come to Kansas sound like Rick Perry I think you see what the California said coming -- Texas because we want you to do but really you are the governors are competing.
For America's business and -- -- we are competing and the key to it -- you got to hold your own cost down estate because we have to balanced budget each year.
So you can't get a deficits mean you can't print money yet I'm not asking to print money.
But we're saying you know come to our states and we've got a good place to do business raise your family and have a great American experience specifically what you gonna do -- state income tax unit zero.
The whole thing now right now we don't have the whole system there if you're an LLC or sub best pass through and counted zero now.
We got the overall rate to 49 a planet from the legislature to get it to 3.5.
We want to take the whole thing off and getting a pro growth position as a state recruiting people what does that do for jobs in Kansas.
Already it's created jobs in the state -- tenth lowest unemployment in the country five point four it's remarkable it's almost like the recession took a U turn when it cancers well.
Really do not feel that.
You Wakefield and we felt that it's just -- -- our rates went up unemployment but they've come down that come down somewhat faster and we've got.
Just a lot of pieces of the economy are starting to kick can be a pretty solid.
And then we're recruiting and getting more service industries coming in with these low taxes -- no taxes analyses and sub analysis and you would eliminate the real estate property tax deduction.
It's part of getting to zero.
Knew what we're initially doing is going to a flat tax essentially which is that's -- broaden your base lower your rates that's initial move.
And then work -- that rate down to zero part of it damage you have to get -- Mortgage deduction real estate taxes I don't want to take him off the table.
But they do become less valuable which you get that overall income tax rate -- -- on the interest rate reduction doesn't hurt the real -- economy.
To get some people will go -- build make logic in their -- that they're gonna buy this home and get something back.
From the government intern I've not met anybody that I know that has bought a home because of the state mortgage deduction.
The federal mortgage my decision okay that -- easily it's the sort of thing he kind of you can skate on what the federal policy is.
But I don't -- many people -- an office state.
-- what is your position on charitable deductions that we're leaving as a deduction.
But over time that would go away too because you have no income tax -- that's what happened securities though.
You are meeting today take a hit -- people have more money to give.
If -- if you're not having to give it to the government -- you've still got the federal charitable deduction again I think that's really the one more people react off of then a state charitable deduction you've got Democrats are saying here in a four billion dollar hole.
Come on home the schools are struggling.
-- -- And -- they left me with.
Dollars and five cents in the bank account when I became governor in the city Kansas prior fiscal year.
We now have 500 million dollars cash on hand at the last fiscal year.
We went from a 500 million are projected deficit to 500 million dollar surplus.
And we got thirty years of prior decline in as -- state on population and percentage of growth.
I'd say they didn't leave me of the good situation and it's time to try something different to get Kansas in a growth -- -- a lot of people have not accepted your ideas just yet but perhaps -- foundation now while hopefully -- -- here talking about your beloved fellow Republicans to us that sir thank you governor Sam Brownback you here in New York City good luck.
Thank you all right Martha.